MFIs/MFDs/RIAs are hereby informed that February 07, 2022 will be a non-business day for Debt and Liquid Funds on account of the Sad Demise of veteran singer Lata Mangeshkar. The subscription orders in all the Debt, Liquid Mutual Fund schemes and L1 and L0 category of schemes shall be accepted on February 07, 2022 and will be reported to the respective Registrars on the next business day. The orders shall be available in the Provisional Order Report with Order date as February 07, 2022. Also, in the Order Status Report, the order date shall be available as order date as February 08, 2022.
NAV applicability for unit allotment / redemption payout for said category of scheme transactions are provided in attached Annexure. The redemption payout date will be February 08, 2022 for all transactions, where the redemption funds payout declared earlier was February 07, 2022.
The Redemption’s/Switch’s/STP’s orders in all category of schemes shall be accepted and reported to the respective Registrars on February 07, 2022.
In view of the same, we request the MFIs/MFDs/RFIs to note the following:
1. MFIs/RFIs needs to upload the funds confirmation (FC) file pertaining to the Equity based SIP transactions on February 07, 2022 till 2:35 PM, to allow ICCL to debit the Settlement pool account of the members and transfer the funds to the respective AMC’s before the deadline time of 3:00 PM for the Equity Cash segment. The FC file pertaining to Debt and Liquid based SIP transactions, if uploaded today, shall be reported to the concerned RTA’s tomorrow.
2. MFIs/RFIs to note that ICCL shall debit the Settlement pool account of the members for valid Lumpsum transactions executed/available on February 07, 2022 as per settlement timings provided below to transfer the funds to the respective AMC’s before the deadline time of schemes.
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Process No
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Order placement deadline time
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Order cancellation cut-off time
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Settlement Process commencement time
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1
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1:00 PM
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1:02 PM
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1:02 PM
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|
2
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1:45 PM
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1:47 PM
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1:47 PM
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3
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2:30 PM
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2:32 PM
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2:32 PM
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3. We may inform MFIs/RFIs that the system will not reject the SIP orders pertaining to Equity, Debt and Liquid schemes for which the FC file is not uploaded on February 07, 2022 till 2:35 PM, they can opt to upload the FC file for these transactions on February 08, 2022 along with the transactions of February 08, 2022.
4. MFDs/RFDs may note that the funds received for Liquid (L0) based schemes till 1:00 PM, Debt and Equity based schemes till 2:30 PM shall be transferred to the AMC’s on February 08, 2022.
5. The funds received for Liquid T1 type of transactions on February 07, 2022, will be given to the AMC’s in the final process on February 08, 2022.
6. Members are requested to inform their clients to deliver the DIS pertaining to the Redemption and Switch orders placed by them for Demat transactions on February 07, 2022 before 4:30 PM, failing which the underlying orders are bound to be rejected.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Dy. General Manager – Mutual Funds |